- Tesla shares dropped 6% Friday after the Cybercab update failed to impress investors focused on the company’s robotaxi ambitions.
- NHTSA initiated an audit query into whether the two-seat Cybercab, which lacks a steering wheel and pedals, complies with federal safety standards and whether Tesla properly self-certified it.
- Analysts cited open questions around pricing, production cadence and regulatory approvals, while early Austin service users reported routing errors, missed destinations and long wait or drive times.
Quotes
“offered limited new incremental disclosure relative to prior announcements, with key outstanding questions around pricing, production cadence, and regulatory approvals remaining open.”
“self-certified the Cybercab as being compliant with all of the Federal Motor Vehicle Safety Standards (FMVSS)”
“The event lacked a public livestream — a notable departure from Tesla's traditionally theatrical product reveals”